Canadian Term Commitments definition

Canadian Term Commitments means the aggregate Canadian Term Commitments of all Canadian Term Lenders, which amount, initially as of the Closing Date, shall be $170.0 million.
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Canadian Term Commitments means, with respect to each Canadian Term Lender, the commitment, if any, of such Lender to make the Canadian Term Loans hereunder on the Closing Date in the amount set forth on Schedule I to the Lender Addendum executed and delivered by such Lender. The aggregate amount of the Lenders’ Canadian Term Commitments on the Closing Date is the Dollar Equivalent of $20,000,000.
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Examples of Canadian Term Commitments in a sentence

  • Subject to the terms and conditions set forth herein, each Canadian Term Lender severally agrees to make a single loan to the Borrower (each such loan and each loan, if any, made under the Incremental Canadian Term Commitments, referred to individually as a “Canadian Term Loan” and, collectively, the “Canadian Term Loans”), in Canadian Dollars, on the Closing Date, in an aggregate amount equal to such Canadian Term Lender’s Canadian Term Commitment.

  • The Canadian Term Borrowing shall consist of Canadian Term Loans made in Canadian Dollars simultaneously by the Canadian Term Lenders in accordance with their respective Canadian Term Commitments.

  • Each borrowing under the Canadian Term Commitments shall be in an amount equal to $500,000 (or the Canadian Dollar Equivalent thereof) (or, in the case of Eurodollar Loans, $1,000,000 or the Canadian Dollar Equivalent thereof) or a whole multiple of $100,000 (or the Canadian Dollar Equivalent thereof) in excess thereof.

  • The Initial Term Loan Commitments and the Canadian Term Commitments shall automatically terminate upon the making of the Initial U.S. Term Loans and the Initial Canadian Term Loans on the Closing Date.

  • If the initial aggregate amount of the Lenders' Term Commitments of either Class exceeds the aggregate principal amount of Term Loans of such Class that are made (and, in the case of the Canadian Term Commitments, the aggregate face amount of the B/As that are accepted) on the Effective Date, then the scheduled repayments in respect of such Class or B/A Drawings to be made pursuant to this Section shall be ratably reduced by an aggregate amount equal to such excess.

  • The Canadian Term Borrowing made on the Amendment No. 1 Effective Date shall consist of Canadian Term Loans made in Canadian Dollars simultaneously by the Incremental Canadian Term Lenders in accordance with their respective Incremental Canadian Term Commitments.

  • The failure of any Canadian Term Lender to accept any B/A required to be accepted by it shall not relieve any other Canadian Term Lender of its obligations hereunder; provided that the Canadian Term Commitments are several and no -------- Canadian Term Lender shall be responsible for any other Canadian Term Lender's failure to accept B/As as required.

  • The Canadian Term Borrowing shall consist of Initial Canadian Term Loans made simultaneously by the Canadian Term Lenders in accordance with their respective Canadian Term Commitments.

  • Each Canadian Base Rate Borrowing shall be in an aggregate amount equal to U.S. $3,000,000 or a larger multiple of U.S. $1,000,000; provided that a Canadian Base Rate Borrowing may be in an aggregate amount that is equal to the entire unused balance of the total Canadian Revolving Commitments or the total Canadian Term Commitments, as the case may be.

  • All payments of the principal of and interest on and other amounts in respect of Canadian Term Loans and B/As, and all payments of commitment fees in respect of the Canadian Term Commitments and of B/A acceptance fees, shall be payable in Canadian Dollars.